PepsiCo (PEP) Stock Forecast & Price Target

$162.16 -0.89 (-0.55%)

(As of 06:15 PM ET)

PepsiCo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
10

Buy
5

Based on 16 Wall Street analysts who have issued ratings for PepsiCo in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 10 have given a hold rating, and 5 have given a buy rating for PEP.

Consensus Price Target

$183.92
13.42% Upside

According to the 16 analysts' twelve-month price targets for PepsiCo, the average price target is $183.92. The highest price target for PEP is $200.00, while the lowest price target for PEP is $170.00. The average price target represents a forecasted upside of 13.42% from the current price of $162.16.

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PEP Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$183.92	$183.92	$185.53	$187.57
Forecasted Upside	13.42% Upside	7.06% Upside	6.68% Upside	11.44% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Hold

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PEP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PEP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PepsiCo Stock vs. The Competition

Type	PepsiCo	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.25	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	12.80% Upside	37.60% Upside	7.11% Upside
News Sentiment Rating	Positive News See Recent PEP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/10/2024	Redburn Atlantic 5 of 5 stars	C. Higgs Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
10/10/2024	Hsbc Global Res 0 of 5 stars	S. Daga Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
10/10/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$186.00 ➝ $183.00	+6.23%
10/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Moskow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$190.00 ➝ $183.00	+6.06%
10/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$185.00 ➝ $183.00	+6.38%
10/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$180.00 ➝ $179.00	+3.94%
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10/4/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$177.00 ➝ $176.00	+4.84%
9/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$190.00 ➝ $185.00	+8.82%
9/20/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$185.00 ➝ $185.00	+5.92%
7/19/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$183.00	+7.41%
7/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$175.00 ➝ $170.00	+4.78%
7/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$210.00 ➝ $200.00	+23.44%
6/24/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Grundy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$174.00	+4.02%
4/23/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$195.00	+10.51%
4/3/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$180.00 ➝ $195.00	+16.30%
10/3/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$195.00 ➝ $185.00	+9.63%
4/6/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$195.00 ➝ $205.00	+11.20%
3/20/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform
2/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$175.00 ➝ $182.00	+5.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:30 PM ET.

Should I Buy PepsiCo Stock? PEP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these PepsiCo pros and cons to contact@marketbeat.com.

PepsiCo
Bull Case

Here are some ways that investors could benefit from investing in PepsiCo:

PepsiCo recently reported earnings per share (EPS) of $2.31, slightly exceeding analysts' expectations, indicating strong financial performance and resilience in a competitive market.
The company has a solid dividend yield of 3.46%, with a quarterly dividend of $1.355 per share, appealing to income-focused investors looking for reliable returns.
PepsiCo's stock is currently trading at $156.72, which may present a buying opportunity for investors looking to enter at a lower price point compared to its 52-week high of $183.41.
Institutional investors hold a significant 73.07% of PepsiCo's stock, suggesting confidence in the company's long-term prospects and stability.
Recent upgrades in analyst ratings, including a shift from a "hold" to a "buy" rating, reflect positive sentiment and potential for stock appreciation.

PepsiCo
Bear Case

Investors should be bearish about investing in PepsiCo for these reasons:

PepsiCo's revenue for the latest quarter was down 0.6% year-over-year, indicating potential challenges in maintaining growth in a competitive landscape.
Several analysts have downgraded their price targets for PepsiCo, with Morgan Stanley setting a target of $185.00, which may limit short-term upside potential.
The company's debt-to-equity ratio stands at 1.96, suggesting a relatively high level of debt compared to equity, which could pose risks in a rising interest rate environment.
Market volatility and economic uncertainties could impact consumer spending on non-essential goods, affecting PepsiCo's sales and profitability.
Despite a strong brand portfolio, increased competition in the beverage and snack sectors may pressure market share and margins.

PEP Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for PepsiCo is $183.92, with a high forecast of $200.00 and a low forecast of $170.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PepsiCo in the last year. There is currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PEP, but not buy additional shares or sell existing shares.
: According to analysts, PepsiCo's stock has a predicted upside of 13.42% based on their 12-month stock forecasts.
: Over the previous 90 days, PepsiCo's stock had 2 upgrades and 2 downgrades by analysts.
: PepsiCo has been rated by research analysts at Bank of America, Barclays, Deutsche Bank Aktiengesellschaft, Hsbc Global Res, JPMorgan Chase & Co., Morgan Stanley, Redburn Atlantic, Royal Bank of Canada, and TD Cowen in the past 90 days.
: Analysts like PepsiCo less than other "consumer staples" companies. The consensus rating score for PepsiCo is 2.25 while the average consensus rating score for "consumer staples" companies is 2.49. Learn more on how PEP compares to other companies.

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This page (NASDAQ:PEP) was last updated on 11/26/2024 by MarketBeat.com Staff

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PepsiCo (PEP) Stock Forecast & Price Target